International Financial Management 8E - Eun - TBChapter 3

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1、ExamName___________________________________TRUE/FALSE.Write'T'ifthestatementistrueand'F'ifthestatementisfalse.1)OverhalfofalldollarbillsincirculationareheldoutsideAmerican'sborders.1)Answer:TrueFalseTopic:BalanceofPaymentsTrendsinMajorCountriesMULTIPLECHOICE.Choosetheonealternativethatbestc

2、ompletesthestatementoranswersthequestion.2)Thecurrentaccountbalance,whichisthedifferencebetweenacountry'sexportsand2)imports,isacomponentofthecountry'sGNP.OthercomponentsofGNPincludeA)consumptionandgovernmentexpenditureandnetexports.B)consumptionandnetexportsandgovernmentexpenditure.C)consu

3、mptionandinvestmentandgovernmentexpenditure.D)consumptionlessimports.Answer:CTopic:BalanceofPaymentsAccounting3)IftheUnitedStatesimportsmorethanitexports,thenthismeansthat3)A)thedemandfordollarsislikelytoexceedthesupplyintheforeignexchangemarket,ceterisparibus.B)thesupplyofdollarsislikelyto

4、exceedthedemandintheforeignexchangemarket,ceterisparibus.C)thedemandfordollarsislikelytoexceedthesupplyintheforeignexchangemarket,ceterisparibus,andtheU.S.dollarwouldbeunderpressuretoappreciateagainstothercurrencies.D)theU.S.dollarwouldbeunderpressuretoappreciateagainstothercurrencies.Answe

5、r:BTopic:BalanceofPaymentsAccounting4)Balanceofpayments4)A)providesdetailedinformationconcerningthedemandandsupplyofacountry'scurrency.B)isdefinedasthestatisticalrecordofacountry'sinternationaltransactionsoveracertainperiodoftimepresentedintheformofadouble-entrybookkeeping.C)canbeusedtoeval

6、uatetheperformanceofacountryininternationaleconomiccompetition.D)alloftheoptionsAnswer:DTopic:BalanceofPaymentsAccounting15)Ifacountryisgrapplingwithamajorbalance-of-paymentdifficulty,itmaynotbeableto5)expandimportsfromtheoutsideworld.Instead,thecountrymaybetemptedtoA)imposemeasurestorestri

7、ctimports.B)imposemeasurestorestrictimportsanddiscouragecapitaloutflows.C)imposemeasurestodiscouragecapitaloutflows.D)noneoftheoptionsAnswer:BTopic:BalanceofPaymentsAccounting6)IftheUnitedStatesimportsmorethanitexports,then6)A)onecaninferthattheU.S.dolla